TUITION FEES PAID FOR CHILDREN U/S 80C

Hi,

Pls give your suggestions in this regard

I am having two kids.

For my daughter I have paid

Term fees - 7500, Annual fees - 4000, Admission fees - 11000

For my son I have paid

Term fees - 6000, Annual fees - 4000,Admission fees - 7150

What are the fees would be taken into consideration in this regard.Pls shed some light into this .

Thanks

V.Irudhayaraj Sundar

Hi,

if I invest in ELSS under my wife's name shall i get the tax rebate under 80C

Pls help

Thanks,

V.Irudhayaraj Sundar

Yes. But the cheque is required to be issued from your Bank account or joint bank account. It will be more better. However, if you pay in cash and show in your books of accounts, then it will be also allowable.

Thanks for the reply.

But through internet banking I am sending money from the Either or Survivor account(both the names) to the demat account (in my wife's name) & then invest through Sharekhan in ELSS

Is it ok.

Thanks

V.IrudhayarajSundar

Ok. But the investment to be shown in your Balance Sheet or to be considered as personal drawings. Similarly, we can say that, it is to be invested from your own income.

if father is no more & elder brother is only the earning member except father pension & elder brother is now paying the tution fee for higher education of younger one then in any case he can get the rebate for tution fee in income tax

Is it only available for depended children, if yes how do you define dependent children. I am doing an MBA from India after work ex. My mother paid part of the tution fees for the MBA. Can she claim the deduction. My ageis 21+

Thankx for giving such type of great article.

Keep it up Sir !

Meaning of Tuition Fee:
The amount allowable as tuition fees shall include any payment of fee to university, college, school or other educational institution in India except the amount representing in the nature of development fee or donation or capitation fees or payment of similar nature - Circular No. 1/2010, dated January 11,2010.

Can anybody of you explain the meaning of the term "Capitation fees" with example?

if a person is getting tution fees reimbursed from employer can he also claim deduction under section 80 c on tution fees paid or not?

Is Tution fees paid for self allowed as deduction..????

What if Tution fee is paid for my brother child can i claim the deduction for that expenditure please reply me fast.............

sir, my question is whether tution fee paid for graduation(B.A,B.Com,B.SC)and for engeneering course(full time)are exempted u/s 80C or not??  please clarify. 

however, the exumption is allowed upto class 12thor intermediate u/s 80C